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Business, 22.08.2019 17:10 20cschultz

Annual demand for a product is 40,000 units. the product is used at a constant rate over the 365 days the company is open every year. the annual holding cost for the product is estimated to be $2.50 per unit and the cost of placing each order is $125.00. if the company orders according to the economic order quantity (eoq) formula, then its optimal order size for this product would be:

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